About This Home Loan Calculator

• • Calculates monthly repayments based on loan amount, interest rate, and term
• • Uses the standard amortization formula used by South African banks
• • Current SA prime rate is 10.5% (as of 18 Oct 2025). View historical rates. Interest rates vary by bank and are negotiable
• • 100% home loans are available from many banks, especially for first-time home buyers. Adding a deposit may help you negotiate better rates
• • Includes optional monthly service fee (typically R69) - this is the bank admin fee charged each month
• • Does not include additional costs like transfer fees, bond registration, or insurance
• • Loan term typically ranges from 20-30 years for home loans
• • Shorter loan terms mean higher monthly payments but less total interest paid
• • For informational purposes only - contact a bank or bond originator for accurate quotes